{"id":569944,"date":"2022-04-14T15:48:01","date_gmt":"2022-04-14T14:48:01","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=569944"},"modified":"2022-04-14T15:55:11","modified_gmt":"2022-04-14T14:55:11","slug":"elon-musk-buy-twitter-43-billion","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/elon-musk-buy-twitter-43-billion\/","title":{"rendered":"Twitter Stock Price and Dogecoin Pump as Elon Musk Launches $43 Billion Takeover Offer"},"content":{"rendered":"\n<ul><li>Tesla CEO Elon Musk submitted an offer to completely buy Twitter for an estimated $43 billion<\/li><\/ul>\n\n\n\n<ul><li>Elon\u2019s takeover attempt comes shortly after scooping a 9.2% stake in the social media giant in March<\/li><\/ul>\n\n\n\n<ul><li>Musk wants to take the company private and says the offer is final<\/li><\/ul>\n\n\n\n<ul><li>FTX CEO Sam Bankman-Fried believes the platform could feature more Web3 operability in the near future<\/li><\/ul>\n\n\n\n<ul><li>Dogecoin\u2019s price pumped following the news<\/li><\/ul>\n\n\n\n<p>After purchasing <a href=\"https:\/\/en.ethereumworldnews.com\/elon-musk-buys-into-twitter-2-98-billion\/\" target=\"_blank\" rel=\"noreferrer noopener\">$2.93 billion worth of Twitter shares<\/a>, Elon Musk has offered to buy Twitter and take the company private to unlock the full potential of the platform. Musk announced the $43 billion buyout bid via a tweet on Thursday.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">I made an offer <a href=\"https:\/\/t.co\/VvreuPMeLu\" rel=\"nofollow\">https:\/\/t.co\/VvreuPMeLu<\/a><\/p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1514564966564651008?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">April 14, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The takeover offer follows concerns from Musk regarding free speech on the social platform. Elon has published a few tweets asking users to share their thoughts on Twitter\u2019s censorship and if a decentralized social network was needed.\u00a0&#8216;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. <br><br>What should be done? <a href=\"https:\/\/t.co\/aPS9ycji37\" rel=\"nofollow\">https:\/\/t.co\/aPS9ycji37<\/a><\/p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1507777261654605828?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">March 26, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2>If You Can\u2019t Beat Them, Buy Them<\/h2>\n\n\n\n<p>At the time, Elon had already filled a massive purchase of Twitter stocks and initiated the acquisition of 9.2% of the social giant. Despite buying a controlling portion of the company\u2019s shares, CEO Parag Agrawal revealed that <a href=\"https:\/\/edition.cnn.com\/2022\/04\/11\/tech\/elon-musk-twitter-board\/index.html\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/edition.cnn.com\/2022\/04\/11\/tech\/elon-musk-twitter-board\/index.html\" rel=\"noreferrer noopener nofollow\">Musk turned down a board appointment <\/a>scheduled to take effect on April 9, 2022.<\/p>\n\n\n\n<p>Barely a week later, the Tesla boss revealed a glimpse of plans to transform Twitter. In a letter to Bret Taylor, Chairman of the Board, Elon said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.\u00a0 However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form.\u00a0<\/p><p>Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter, and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.<\/p><\/blockquote>\n\n\n\n<p>As of the time of writing this report, representatives from the social giant have now released any statement or response to the hefty buyout offer.<\/p>\n\n\n\n<h2>Decentralized Twitter and Dogecoin Integration<\/h2>\n\n\n\n<p>Following the news, FTX CEO Sam Bankman-Fried weighed in with thoughts about a <a href=\"https:\/\/twitter.com\/sbf_ftx\/status\/1514588820641128452?s=21&amp;t=JJrZBrHXrLpkw0T3_oa6vA\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">decentralized social network<\/a>. According to SBF, leveraging on-chain technology could merge tweets and direct messages while also giving users more control over who has access to their timeline.<\/p>\n\n\n\n<p>SBF added that decentralizing the platform also makes smart contract operability for solutions like monetization, payments, and NFTs easier as everything would be on the blockchain.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">3) Monetization comes in two forms:<br><br>a) tweet level; the underlying protocol charges something per message.  At ~500m tweets\/day, $0.01\/tweet would replace half of Twitter&#39;s revenue; $0.001\/tweet would replace their profit.<br><br>b) UI level; the UI could monetize as well.<\/p>&mdash; SBF (@SBF_FTX) <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1514588822805303303?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">April 14, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Considering Elon Musk\u2019s love for the popular crypto token Dogecoin, we might see an immediate integration if the takeover is successful. Dogecoin\u2019s price already reacted to the news with a slight pump in the last few hours.<\/p>\n\n\n\n<p>Twitter already features support for Ethereum tips and Bitcoin payments via the Lightning network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla CEO Elon Musk submitted an offer to completely buy Twitter for an estimated $43 billion Elon\u2019s takeover attempt comes shortly after scooping a 9.2% stake in the social media giant in March Musk wants to take the company private and says the offer is final FTX CEO Sam Bankman-Fried believes the platform could feature more Web3 operability in the near future Dogecoin\u2019s price pumped following the news After purchasing $2.93 billion worth of Twitter shares, Elon Musk has offered [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":569946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[253,7937,1212],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/569944"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=569944"}],"version-history":[{"count":5,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/569944\/revisions"}],"predecessor-version":[{"id":569956,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/569944\/revisions\/569956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/569946"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=569944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=569944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=569944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}